In the past few months, institutional and retail funds have rushed into the Bitcoin market frantically, which has made cryptocurrencies one after another the headlines of the blockchain industry. There is no doubt that more and more people are beginning to realize that cryptocurrency may become a mainstream trend, and they are gradually beginning to come into contact with it.
However, the fiery enthusiasm of the cryptocurrency market has not driven the DeFi market, or in other words, attracted the enthusiasm of DeFi. Now, few institutions or users have set their sights on DeFi products.
Thinking back to June last year, the DeFi boom can be described as one wave after another, and it will become the headline of the blockchain market almost every day. At that time, a large number of institutional users continued to inject funds, and DeFi projects continued to spawn. However, at the moment, the popularity of DeFi is diminishing, and there are a lot less hot news.
However, the editor believes that the more DeFi enthusiasm decreases, the more it shows that the market is in a rational state and that there will not be too many bubbles. Throughout history, the digital currencies or projects that have been pushed up have more or less bubbles.
The same is true for current Bitcoin. With the blessing of Musk and other institutional giants, Bitcoin continued to rise, and then there was a flash crash due to the joint suppression of the US financial department and the European Central Bank. The main reason is that there are too many bubbles and too much speculation. With too many bubbles, there is a great risk of collapse. In the event of a crash, for users in the market, small and medium retail investors will be the most hurt. Because big players can sell at any time, even if they are stuck, they have enough funds to bear the pressure. And small and medium retail investors are facing the risk of breaking their positions every minute.
Therefore, compared to the cryptocurrency market led by Bitcoin, the DeFi market is currently safe and there is no bubble at all. For small and medium retail investors, it is the first choice for obtaining wealth.
At present, DeFi is still in its early stage, liquidity is relatively weak, and Bitcoin has attracted a wave of enthusiasm, and it is currently in a stable state. If DeFi wants to increase liquidity and attract more users to enter, it needs a mainstream DeFi project to guide it.
At the moment, Baccarat, the DeFi project, is a good choice. Baccarat has the advantages of the underlying technology of the NGK public chain. At the same time, its on-chain token BGV has also been put on the world's leading exchanges and has a lot of value space. In addition, the BGV release rules are very reasonable, avoiding the risk of selling pressure by large investors, and it is very suitable for small and medium-sized retail investors to participate, thereby improving the liquidity of the entire DeFi market.
In addition, BGV will be listed on the NGKEX Ecological Institute, and users can conduct BGV/USDN transactions and make more profit. At the same time, as users pay more attention to BGV, Baccarat's market scope will be further expanded, and its value will be further improved, which will set off a boom in the entire DeFi market.